The global electric wheelchair market is projected to grow with a CAGR of 9.2% during the forecast period (2024-2031). The key companies in the market are highly inclined towards the adoption of different growth strategies including new product launches, technological advancement of wheelchair design, and product innovation to remain competitive in the marketplace. For instance, in March 2020, Invacare Corp. has announced the launch of a new product of power wheelchair named Invacare AVIVA FX, setting a new standard for front-wheel-drive mobility. It helps make short work of curbs, slopes, and uneven surfaces while keeping the user in control and comfort. Apart from it, the company has also launched the power wheelchair named Kompas in October 2020. It is a folding power chair, which is designed specifically for individuals to maintain an active and independent lifestyle. The Kompas can be used at home, on day trips, or on regular outings to assist in getting through those long and exhausting days.
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Moreover, in June 2020, LUCI, a company that is reimagining modern mobility, has announced the launch of its flagship product, which is also called LUCI. It’s a first-of-its-kind hardware and software platform that uses sensor-fusion technology to allow a power wheelchair to “see” its surroundings, providing unparalleled stability, comfort, and cloud connectivity to riders. It also monitors and alerts users and caregivers of low battery, possible tipping scenarios, and other important updates regarding the chair and the user.
Besides, in 2019, Permobil AB, a leading player in advanced medical technology, has launched SmartDrive PushTracker E2. This is an advanced power assist system for manual wheelchairs. The system improves users’ ability to walk on uneven surfaces while also helping to avoid shoulder strain injuries. However, such add-ons to manual wheelchair models, technological advancements by the major payers, and new electric wheelchair launches are expected to propel the growth of the global electric wheelchair market during the forecast period.
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Market Coverage
- Segment Covered-
o By Age Group
o By Drive System
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- 21st Century Scientific, Inc., GF Health Products, Inc., Hoveround Corp., Invacare Corp., Ottobock SE & Co KGaA, Permobil AB, Pride Mobility Products Corp., Product Design Group, Inc., and Sunrise Medical Ltd, among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Electric Wheelchair Market Report Segment
By Age Group
- Adult Power Wheelchair
- Pediatric Power Wheelchair
By Drive System
- Front-Wheel Drive
- Rear Wheel Drive
- Others (Center Wheel Drive)
By End-User
- Homecare
- Hospitals & Clinics
- Others (Airports and Railway Stations)
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